BofA's (BAC) biggest risk may not be the controversy over its Merrill acquisition, Michael...

|About: Bank of America Corpora... (BAC)|By:, SA News Editor

BofA's (BAC) biggest risk may not be the controversy over its Merrill acquisition, Michael Lipper (of mutual fund fame) says, but the fallout - which gifts Merrill's herd of aggressive brokers with an almost endless number of 'little old ladies.' "All you need is one or two issues to blow up and then the regulators and the press will crucify you."